Breadfast, a leading grocery delivery platform in Egypt, has secured $26 million in a Series A round, co-led by Vostok New Ventures & Endure Capital. Rapid, on-demand delivery is big business around the world today, & Breadfast wants to own the model in Egypt & across Africa.
More on Breadfast🤷♀️ Through its iOS & Android apps, Breadfast offers scheduled & on-demand delivery of groceries & other household essentials. Deliveries are currently promised to be under 60 minutes, but the company plans to bring that down to 20 minutes by utilizing a portion of the funds to grow its web of dark stores.
The company oversees every part of the supply chain – from building the technology, to sourcing goods, distributing them across its web of grocery dark stores, to last-mile delivery.
Why is this important🤔 This investment round brings Breadfast’s total investment to date to more than $33M since it launched in 2017. The funds will drive Breadfast’s rapid expansion into eight new cities across Egypt, scale the technology behind its app, & grow its team as it gets ready to expand its grocery delivery service across Sub-Saharan Africa.